France's Vallourec Axes Jobs, Seeks Capital Amid Oil SlumpWall Street JournalPARIS—France's Vallourec SA, a maker of high-strength steel for the oil sector, is to raise €1 billion ($1.08 billion), suspend its dividend, and ax more than 2,500 jobs, …

Financial TimesOil producers retool for lower pricesFinancial TimesUndoubtedly, costs have come down — especially given the sharp weakening in domestic currencies of most producer nations. Oil exploration companies will find themselves dictating terms to s …

Vallourec Seeks Capital as Oil Prices Pummel EarningsWall Street JournalPARIS—Vallourec said on Monday that it plans to raise about €1 billion ($1.08 billion) in fresh capital through new shares and convertible bonds as the company braces for widening loss …

Sydney Morning HeraldThe oil crash is kicking off one of the largest wealth transfers in human historySydney Morning HeraldEconomists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap …